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FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) Sharpe Ratio: 2.23

ETF · Currency in USD · Last updated Jun 3, 2026

QLVE is a passive ETF by Northern Trust tracking the investment results of the Northern Trust Emerging Markets Quality Low Volatility Index. QLVE launched on Jul 15, 2019 and has a 0.40% expense ratio.

QLVE's Sharpe Ratio of 2.23 indicates that for each unit of volatility, it generates 2.23 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

QLVE Sharpe Ratio Rank

QLVE Sharpe Ratio Rank: 66.166
Above Average

QLVE ranks above 66.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

QLVE Sharpe Ratio Market Positioning

The chart shows QLVE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.90 or lower
  • Yellow zone (middle 50%): 0.90 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.81+
  • Median: 1.77 — half of all investments score higher

How it compares to other similar ETFs

The table compares FlexShares Emerging Markets Quality Low Volatility Index Fund's Sharpe Ratio with other ETFs in the Volatility Hedged Equity category across multiple time periods, showing how QLVE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FLLVFranklin Liberty U.S. Low Volatility ETF3.50
LVHILegg Mason International Low Volatility High Dividend ETF3.18
VSMVVictoryShares US Multi-Factor Minimum Volatility ETF2.73
DVQQWEBs QQQ Defined Volatility ETF2.29
QLVEFlexShares Emerging Markets Quality Low Volatility Index Fund2.23
EJANInnovator Emerging Markets Power Buffer ETF January2.06
QLVFlexShares US Quality Low Volatility Index Fund1.98
DVSPWEBs SPY Defined Volatility ETF1.95
FDLOFidelity Low Volatility Factor ETF1.91
SMLVSPDR SSGA US Small Cap Low Volatility Index ETF1.62

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows QLVE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when QLVE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does QLVE fit in your portfolio?

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